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Flashcards in year 1 formulas Deck (21)
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1

market share=

sales
-------- X 100
total market sales

2

PED=

%change in Q demanded
--------------------------------------
%change in price

3

YED=

%change in Q demanded
------------------------------------
%change in income

4

net cash flow=

inflows - outflows

5

sales volume=

revenue
---------------
selling price PU

6

total variable costs=

units sold X price per unit

7

total costs=

fixed costs + variable costs

8

contribution PU=

selling price PU - variable costs PU

9

total contribution=

contribution PU X No. of units sold

10

Breakeven=

fixed costs
-------------
contribution PU

11

variance analysis=

actual
-----------
budget

12

gross profit=

sales revenue - costs of sales

13

operating profit=

gross profit - overheads

14

net profit=

operating profit +/- interest

15

gross profit margin=

gross profit
--------------- X100
Revenue

16

operating profit margin=

operating profit
--------------------- X100
revenue

17

net profit margin=

net profit
------------- X 100
revenue

18

current ratio=

current assets
-------------------
current liabilities

19

acid test ratio=

current assets - stock
------------------------------
current liabilities

20

productivity=

output per period
-------------------------
no. of employees

21

capacity utilisation=

actual output
------------------ X 100
maximum possible output